Oct 7, 2019   SOURCE: PR NewsWire

Global PACS and RIS Markets, 2018 & 2019-2027 - Increasing Demand for Orthopaedic PACS

DUBLIN, Oct. 7, 2019 /PRNewswire/ -- The "PACS and RIS Market to 2027 - Global Analysis and Forecasts By Product, Component, Deployment, End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

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The global PACS and RIS market is expected to reach US$ 5,008.93 Mn in 2027 from US$ 2,728.43 Mn in 2018. The PACS and RIS market is estimated to grow with a CAGR of 7.4% from 2019-2027.

The market is driven by factors such developments in diagnostic imaging modalities coupled with the rising number of diagnostic tests procedures, affordable price of new generation PACS software and new product launches & FDA approvals. However, availability of better substitutes and concerns regarding data privacy may limit the growth of the market to a certain extent.

Picture archiving and communication system (PACS) is used for management, retrieval, storage, and distribution of the medical images. In the field of radiology, it is used for sharing and viewing of diagnostic images. A radiology information system (RIS) is a network of the software system used for managing medical images and other related data. RIS keeps track of radiology imaging orders and data of bills. It is used along with PACS and vendor neutral archives (VNAs). RIS manages image archives, keeps record and billing.

Some of the difficulties of the PACS software include quality of images, a short span of backup storage as well as the threat from data privacy. To combat the shortcomings of the software, other alternatives with better features are available, for instance, the vendor neutral archive (VNA). A vendor neutral archive (VNA), stores medical images in a standard format, making these images accessible to healthcare professionals.

In PACS software, there are significant issues concerned with vendor-specific software. However, in the case of VNA, the electronic files do not need to be converted into a different format, VNA converts a standard PACS more efficiently as well as cost-effectively. VNAs work through an open architecture, which has access across all domains within a hospital enabling efficient sharing of data with any healthcare facility across the country. Hence, the benefits offered by other systems over PACS is expected to hinder the growth of the PACS and RIS market.

Global PACS and RIS were segmented by product, component, deployment, and end user. The product segment was segmented as Picture archiving and communication system (PACS) and radiology information system (RIS). On the basis of the component, the market is categorized as hardware, software and services.

The PACS and RIS market based on deployment is categorized as, web-based, on-premise and cloud-based. Based on the end user, the market was segmented as hospitals, diagnostic centers and others. During 2018, the hospitals segment led the PACS and RIS market by the end user.

Key Topics Covered:

1. Introduction

1.1 Scope of the Study

1.2 Research Report Guidance

1.3 Market Segmentation

2. Global PACS and RIS Market - Key Takeaways

3. Research Methodology

4. Global PACS and RIS Market Landscape

4.1 Overview

4.2 PEST Analysis

5. Global PACS and RIS Market - Key Industry Dynamics

5.1 Key Market Drivers

5.1.1 Developments in Diagnostic Imaging Modalities Coupled with Rising Number of Diagnostic Tests Procedures

5.1.2 Affordable Price of New Generation PACS Software

5.1.3 New Product Launches & FDA Approvals

5.2 Key Market Restraints

5.2.1 Availability of Better Substitutes

5.2.2 Concerns Regarding Data Privacy

5.3 Key Market Opportunities

5.3.1 Increasing Demand for Orthopaedic PACS

5.4 Impact Analysis

6. PACS and RIS Market - Global Analysis

6.1 Global PACS and RIS Market Revenue Forecasts And Analysis

6.2 Global PACS and RIS Market, By Geography - Forecasts And Analysis

6.3 Positioning of Key Players

7. Global PACS and RIS Market Analysis- by Product

7.1 Overview

7.2 Global PACS and RIS Market, By Product, 2018 & 2027 (%)

7.3 Picture Archive and Communication System (PACS) Market

7.3.1 Overview

7.3.2 Global Picture Archive and Communication System (PACS) Market Revenue and Forecasts to 2027 (US$ Mn)

7.3.3 Orthopedic PACS Market

7.3.4 Oncology PACS Market

7.3.5 Cardiology PACS Market

7.3.6 Dental PACS Market

7.3.7 Others Market

7.4 Radiology Information System (RIS) Market

8. Global PACS and RIS Market Analysis- by Component

8.1 Overview

8.2 Global PACS and RIS Market, By Component 2018 & 2027 (%)

8.3 Software Market

8.4 Hardware Market

8.5 Services Market

9. Global PACS and RIS Market Analysis- by Deployment

9.1 Overview

9.2 Global PACS and RIS Market, By Deployment 2018 & 2027 (%)

9.3 Web-Based Market

9.4 On-Premise Market

9.5 Cloud-Based Market

10. Global PACS and RIS Market Analysis- by End User

10.1 Overview

10.2 Global PACS and RIS Market, By End User 2018 & 2027 (%)

10.3 Hospitals Market

10.4 Diagnostic Centers Market

11. PACS and RIS Market Revenue and Forecasts to 2027 - Geographical Analysis

12. PACS and RIS Market- Industry Landscape

12.1 Overview

12.2 Growth Strategies In The PACS and RIS Market, 2016-2019

12.3 Inorganic Growth Strategies

12.3.1 Overview

12.4 Inorganic Growth Strategies in the PACS and RIS Market, 2016-2019 (%)

12.4.1 Collaborations

12.4.1.1 Recent Collaborations By Players In The PACS and RIS Market

12.4.2 Agreements, Partnerships and Joint Ventures

12.4.3 Acquisitions

12.5 Organic Growth Strategies

12.6 Organic Growth Strategies in the PACS and RIS Market, 2016-2019 (%)

12.6.1 Product Launches

12.6.2 Product Approval & Other Organic Growth Strategies

13. Key Company Profiles

    --  McKesson Corporation
    --  General Electric
    --  Fujifilm Holdings Corporation
    --  Koninklijke Philips N.V.
    --  Siemens AG
    --  Cerner Corporation
    --  IBM
    --  Novarad
    --  Agfa-Gevaert Group
    --  INFINITT Healthcare Co., Ltd.

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